The United States and Iran have agreed on the framework of a 60-day memorandum of understanding to extend the ceasefire and revive nuclear talks, but the deal is awaiting final approval from President Donald Trump, sources told Axios.

Negotiators from both sides reportedly settled most terms of the proposed agreement by Tuesday, with Iranian officials later confirming they had secured backing from senior leadership in Tehran. The development marks a potential diplomatic milestone, coming nearly three months into a conflict that has kept the region on edge.

Trump, however, has held back. “The president relayed to the mediators that he wants a couple of days to think about it,” a US official told Axios. The White House has not confirmed details of the draft agreement.

Speaking at a cabinet meeting on Wednesday, Trump expressed frustration with the pace of negotiations and clarified that Washington was not considering sanctions relief, one of Tehran’s central demands. He also dismissed a report aired by Iranian state television, which claimed the proposed deal would restore shipping through the Strait of Hormuz to pre-war levels within 30 days, with the US agreeing to scale back its military presence and end what Tehran has described as a naval blockade.